Mizuho Securities USA LLC Has $5.39 Million Stock Position in Trimble Inc. (NASDAQ:TRMB)

Mizuho Securities USA LLC boosted its position in Trimble Inc. (NASDAQ:TRMB) by 361.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 86,836 shares of the scientific and technical instruments company’s stock after acquiring an additional 68,005 shares during the quarter. Mizuho Securities USA LLC’s holdings in Trimble were worth $5,392,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC raised its position in Trimble by 303.2% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 479 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Trimble by 96.0% in the second quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 313 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Trimble during the second quarter valued at about $48,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Trimble during the 3rd quarter valued at approximately $49,000. Finally, Cromwell Holdings LLC lifted its position in shares of Trimble by 86.6% during the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $50,000 after acquiring an additional 375 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Stock Down 0.2 %

TRMB stock opened at $70.62 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. The firm has a market cap of $17.25 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 3.02 and a beta of 1.49. Trimble Inc. has a twelve month low of $42.56 and a twelve month high of $74.22. The business has a 50 day moving average of $62.12 and a 200 day moving average of $57.89.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TRMB. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Sunday. Robert W. Baird upped their price objective on Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Piper Sandler increased their target price on shares of Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Oppenheimer reaffirmed an “outperform” rating and issued a $72.00 price target on shares of Trimble in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Trimble from $66.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Trimble currently has a consensus rating of “Moderate Buy” and an average price target of $75.40.

About Trimble

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.